Board of Commissioners of Cook County - Meeting of Finance Subcommittee on Real Estate and Business and Economic Development (Inactive. There is now a Business and Economic Developement Committee and real estate items in the Asset Managment Committee) on 6/17/2014 at 12:00 PM

14-1930

Fri, 26 Jan 2018 15:39:54 GMT

File #: 14-1930
Ver.: 1
Agenda #:
Type: Ordinance Amendment
Title: PROPOSED SUBSTITUTE TO 14-1930 PROPOSED ORDINANCE AMENDMENT AMENDMENT TO ASSESSMENT CLASSES - CLASS 7C BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 74 Taxation, Article II Real Property Taxation, Division 2, Section 74-63 through 74-73 of the Cook County Code of Ordinances are hereby amended as follows: Sec. 74-63. Assessment classes. Real estate is divided into the following assessment classes: (1) Class 1. Unimproved real estate. (2) Class 2. Real estate: a. Used as a farm; b. Used for residential purposes when improved with a house, an apartment building of not more than six living units, or residential condominium, a residential cooperative or a government-subsidized housing project, if required by statute to be assessed in the lowest assessment category; c. Improved with a building put to commercial and residential use, of six or less units where the building measures less than 20,000 square feet of above grade space; or d. Real estate improved with a single room occupancy building, as defined in this division, provided
Action: accept as substituted
Result: Pass

14-1930

Thu, 24 Jan 2019 20:22:11 GMT

14-2942

Thu, 24 Jan 2019 20:12:01 GMT

File #: 14-2942
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION MASTERPIECE ACQUISITIONS, LLC 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from Masterpiece Acquisitions, LLC and Resolution No. 51-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 575 Lively Blvd., Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-27-202-051-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the leve
Action: recommend for approval
Result: Pass

14-2943

Thu, 19 Dec 2019 23:47:08 GMT

File #: 14-2943
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION ELLA HOLDINGS LLC TONNE SERIES OR ITS NOMINEE 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from Ella Holdings LLC Tonne Series or Its Nominee and Resolution No. 61-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 1845 Tonne Road, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-300-052-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can recei
Action: recommend for approval
Result: Pass

14-2945

Thu, 16 Jan 2020 19:46:10 GMT

File #: 14-2945
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION 2000 HAWTHORNE AVENUE, LLC 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from 2000 Hawthorne Avenue, LLC and Resolution No. 57-13 from the Village of Melrose Park for an abandoned industrial facility located at 2000-2006 Hawthorne Avenue, Melrose Park,, Cook County, Illinois, Cook County District 16, Permanent Index Number 12-33-400-090-0000 and 12-33-400-091-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS; industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a signif
Action: recommend for approval
Result: Pass

14-2955

Thu, 19 Dec 2019 23:47:08 GMT

File #: 14-2955
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION PAUL FAMILY REAL ESTATE VENTURE, LLC 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from Paul Family Real Estate Venture, LLC and Resolution No. 15-12 from the Village of Elk Grove Village for an abandoned industrial facility located at 950 Pratt Boulevard, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-305-036-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS, industrial real estate is normally assessed at 25% of its market value. Qualifying industrial real estate eligible for the Class 6b can receive a significant
Action: recommend for approval
Result: Pass

14-3078

Thu, 16 Jan 2020 19:46:10 GMT

File #: 14-3078
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION ADVANCE WELDING SERVICES, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from Advance Welding Services, LLC and Resolution No. 2012-R-14 from the Village of South Chicago Heights for an abandoned industrial facility located at 3301 East End Avenue, South Chicago Heights, Cook County, Illinois, Cook County District 6, Permanent Index Numbers 32-33-101-031-0000. WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS, industrial real estate is normally assessed at 25% of its market value. Qualifying industrial real estate eligible for the Class 8 can receive a significant reducti
Action: recommend for approval
Result: Pass